Denver Investment Real Estate

Latest Episodes:

#23: January 2018 Roundup - Rental Property Analysis Feb 01, 2018

Show notes

In January, Charles Roberts helped Justin Cooper buy a rental property in Aurora. It's a very interesting story because the property went under contract twice and other investors passed on it. Listen to Charles and Justin discuss the details and why it was a great property for Justin. It's a 3 bedroom / 4 bathroom townhome originally listed at $240,000, but Justin purchased it for $200,000. It's a 15% cash-on-cash return and 8.4% cap rate (11% CoC and 7.5% cap with property management fee.) It was found on the MLS. Charles also shares an analytical approach to seeing if the numbers make sense on an apartment to condo conversions. Resources: View the property (10694 E Asbury Ave) sheet and spreadsheet at https://www.denverinvestmentrealestate.com/deals Read Charles' notes from presentation at https://www.denverinvestmentrealestate.com/webinar13 Rental property analysis spreadsheet download and videos at https://www.denverinvestmentrealestate.com/rentalspreadsheet Listen to Justin's earlier podcast that discusses the wholesale deal he missed out on and his investment strategy at https://www.denverinvestmentrealestate.com/podcast12 Connect with Charles Roberts at ‭(303) 523-3837‬ or croberts@yourcastle.org Connect with Justin Cooper at ‭(303) 916-5366‬ or justin@pinefinancialgroup.com Connect with Chris Lopez at (303) 548-0846 or chris@denverinvestmentrealestate.com

#22: Property Management with Daniel Preshaw Jan 25, 2018

Show notes

Daniel Preshaw talks about managing rental properties around Denver in this episode. Before becoming a property manager, he worked for First Bank with a focus on financing real estate deals. In this episode, we talk about practical tips for managing your properties to installing vinyl plank flooring to his recent flips in Greeley, CO. Resources: Contact Daniel at danielp@rentgrace.com or 303-255-1990 ext 39. View the latest Denver real estate trends webinar at https://www.denverinvestmentrealestate.com/trends

#21: Investing Strategy w/ Marc Cunningham Jan 18, 2018

Show notes

I have the pleasure of interviewing Marc Cunningham to dive into his real estate investing strategy. Marc is a second generation property manager who grew up working with investors and the world of real estate investing. He's now the President of Grace Property Management & Real Estate. He has a unique perspective from managing thousands of properties and working with hundreds of investors. We spend a lot of time discussing the difference between investors who succeed and those who fail. Resources: Read Marc's strategy at: https://www.denverinvestmentrealestate.com/marc-cunninghams-real-estate-investing-plan/ Email Chris at Chris@DenverInvestmentRealEstate.com to discuss your investing strategy. Connect with Marc at http://www.RentGrace.com

Podcast #20: December Roundup – Saving a Deal! Jan 12, 2018

Show notes

We discuss two buy-and-hold rental deals around Denver for December 2017. Both deals were found on the MLS. The first deal is a 3/3 condo that is over 1800 square feet. It's big! The size and layout are ideal to create a fourth bedroom by adding a wall for $1,500 to $2,000. As a 4 bedroom, it's a 7.8% cap. Joe Massey did the loan on this rental and discusses how the HOA almost caused the loan to blow up! By pulling county records, Joe was able to prove that the HOA's information was incorrect. The second deal is a 3/3 condo in First Creek. If you've followed us for awhile, you know Charles loves this complex! It comes in at a 7.1 cap rate. View the deals' property sheets and spreadsheets at https://www.denverinvestmentrealestate.com/deals Plus, we have a brief discussion of the new tax bill.

#19: "Get Rich Quick - Slow" with Karl Busch Jan 03, 2018

Show notes

Karl Busch shares his story of going from zero rentals in 2010 to 18 rentals in 2017 around Denver. In 2010, his computer business had failed and left him out of work. However, he had a paid off house, no debt, and a good credit score. He bought his first rental property using a HELOC and a cash advance from a 0% credit card! In addition to sharing his very interesting story, he discusses: His investing strategy - only buy properties that he would live in at some stage in his life (i.e. as a college grad, a retiree, etc.) How he self-manages 18 properties. Advice for new investors - "Get Rich Quick - Slow." Connect with Karl at 720-732-4167 or Karl@denverboulderhomefinder.com

#18: House Hacking with Lucas Miller Dec 28, 2017

Show notes

Chris and Charles talk with Lucas Miller. He was one of the house hacking panelists at the Fall 2017 Investor Success Summit. A few years ago Lucas and his wife purchased a duplex in Englewood to house hack. He discusses numbers, details and lessons learned! They are now actively flipping condos around Denver. He also discusses future plans for investing outside of Denver for long term buy and holds. Resources https://cozy.co/ - "Modern property management for landlords, property managers, and renters." https://www.erentpayment.com/ - "Easy and Convenient Rental Payment and Property Management Solutions"

Podcast #17: Interview with Investing Business Partners Dec 14, 2017

Show notes

Charles and I talk with Travis and David who are Denver investors. A couple of months ago, Charles helped them buy an investment property. We asked them to come onto the show to share some details. They purchased a 2/2 condo on Florida Ave that's between Havana St and Parker Rd. It's a few miles north of the Cherry Creek State Park. Resources: "Paycheck Parking" whitepaper: https://www.denverinvestmentrealestate.com/PaycheckParking VIP Financial Education: https://www.youtube.com/channel/UC45hHuqWfdi7TIZg0RDG9_g Joe Massey's spreadsheet: https://www.denverinvestmentrealestate.com/rentalspreadsheet

#16: Updated Investing Strategy and 2018 Goals Dec 06, 2017

Show notes

A few months ago I realized that I did not have a written plan pertaining to my goals and real estate investing strategy. And I'm a big believer in writing goals! So I decided to write out my goals and then use it to kick off our investing strategies series so I could get other people to share theirs. I've been really pleased with the results so far. I've learned a lot from others and have had many great conversations. But goals and strategies are not static things that you write once and then set it and forget it. This podcast episode I discuss updates to my investing strategy and share some new goals. You can read my strategy at https://www.denverinvestmentrealestate.com/chris-updated-investing-strategy-2018-goals/

#15: November Roundup - Deals and Cap Rates Dec 01, 2017

Show notes

This episode is the recording of our November Roundup webinar. We discuss: Analyze and discuss two recently closed deals in Denver that cash flow. Recently, Chris and Charles started discussing some nuances of using cap rates. On the webinar, they'll go into all the details. Your questions and opinions are wanted! A quick rundown of how the proposed tax changes could impact your investing. Download the latest spreadsheet at www.DenverInvestmentRealEstate.com/RentalSpreadsheet Watch the YouTube webinar recording here.

#14: Interview with Real Estate Attorney Greg Parham Nov 29, 2017

Show notes

On today's episode, Charles Roberts talks with Greg Parham. Greg is an attorney and the President of First Alliance Title. The show is a compilation of 3 different conversations from Greg and Charles. I found their conversations really interesting as they discuss contracts to title policies. But I was actually left wanting to hear more from these two knowledgeable guys. We'll definitely have Greg back on and dive into a lot more detail. Highlights: DORA's (Colorado's Department of Regulatory Agencies) standard contract vs an investor contract when working with distressed sellers? How to present the DORA contract to your advantage. Using a "Hold open" title policy to save money. A discussion of common investor mistakes. Keep an eye on First Alliance Title's calendar for Greg's classes.

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